Canada's Orion Digital Q4 revenue falls 4% yr/yr

Orion Digital

12/03/2026 11:40

Overview

Canada digital wealth platform's Q4 revenue fell 4% yr/yr, up 7% adjusted for exited units

Subscription and services revenue made up 62% of total revenue in 2025

Q4 adjusted EBITDA rose 5% yr/yr

Outlook

Orion Digital expects 2026 adjusted EBITDA between C$7.0 mln and C$8.0 mln

Company sees continued growth in subscription and services revenue in 2026

Wealth platform revenue growth expected from rollout of Intelligent Investing Phase 2

Result Drivers

WEALTH PLATFORM GROWTH - Co said Q4 and full-year wealth revenue rose due to increased adoption of Intelligent Investing platform and expansion of subscription-based wealth services

PAYMENTS PLATFORM EXPANSION - Payments revenue grew, supported by expansion of European programs and migration of payments infrastructure to Oracle Cloud, improving scalability and efficiency

RECURRING REVENUE MIX - Subscription and services revenue accounted for 62% of total revenue as co continued transition to platform-driven recurring revenue

Company press release: ID:nBwblTPG3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EBITDA
Beat
C$2.20 mln
C$1.81 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the financial technology (fintech) peer group is "buy"

Wall Street's median 12-month price target for Orion Digital Corp is C$3.50, about 141.4% above its March 11 closing price of C$1.45

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)